US and International Approaches to Taxing Foreign Source Income and Addressing Base Erosion

Council on State Taxation (COST)

October 23, 2019

Doug Stransky spoke on the panel, "US and International Approaches to Taxing Foreign Source Income and Addressing Base Erosion" at COST's 50th Annual Meeting on October 23, 2019.

In the aftermath of the passage of the TCJA, other nations are reconsidering how they should tax both foreign source income and digital commerce. This panel reviewed the most significant OECD and individual nation approaches, their likelihood for enactment, and the implications for U.S. multinationals. The panelists also discussed the cross-pollination of ideas and concepts (e.g. apportionment, economic nexus, market sourcing, minimum taxes on foreign source income) between state and local tax and international tax.